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Haldex AB (HLDX.ST)

HLDX.ST on Stockholm Stock Exchange

51.80SEK
21 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Haldex Q1 Operating Income Rises To SEK 97 Million
Thursday, 25 Apr 2019 

April 25 (Reuters) - Haldex Ab ::HALDEX INTERIM REPORT, JANUARY - MARCH 2019: IMPROVED OPERATING MARGIN IN WEAKENED MARKET.Q1 NET SALES SEK 1.34 BILLION VERSUS SEK 1.25 BILLION YEAR AGO.Q1 OPERATING INCOME SEK 97 MILLION VERSUS SEK 86 MILLION YEAR AGO.OUTLOOK FOR 2019 HAS NOT CHANGED.Q1 OPERATING MARGIN EXCLUDING INVESTMENTS IN NEW TECHNOLOGY (SCALABLE BRAKE SYSTEM) WAS 7.5%.CHINA IS RESPONSIBLE FOR MAJOR DECLINE OF QUARTER.  Full Article

Haldex Q1 operating profit up sharply yr/yr
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Haldex AB ::Q1 NET SALES, SEK M 1,252 (1,148).Q1 OPERATING INCOME, SEK M 90 (37).Q1 OPERATING MARGIN, % 7.2 (3.2).SAYS WE BELIEVE THAT NET SALES FOR 2018 WILL INCREASE COMPARED TO 2017.SAYS OPERATING MARGIN FOR 2018 IS EXPECTED TO BE SOMEWHAT LOWER OR IN LINE WITH OPERATING MARGIN EXCLUDING ONE-OFF ITEMS IN 2017.SAYS MARKET GROWTH IN Q1 HAS BEEN SLIGHTLY HIGHER THAN IN PREVIOUS FORECASTS, BUT OUR OVERALL ASSESSMENT FOR 2018 HAS REMAINED SAME.SAYS IF MARKET GROWTH CONTINUES TO EXCEED PREVIOUS FORECASTS, HALDEX MAY NEED TO REVISE ITS ASSESSMENT FOR 2018.  Full Article

Haldex Q4 core profit rises, sees flat or slightly lower margin in 2018
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Haldex AB ::HALDEX ANNUAL STATEMENT, JANUARY - DECEMBER 2017: STRONG END TO THE YEAR.Q4 NET SALES, SEK 1,049 MLN VS YR-AGO 1,054 MLN.Q4 OPERATING INCOME, EXCLUDING ONE-OFF ITEMS, SEK 66 MLN VS YR-AGO 48 MLN.SAYS BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING A DIVIDEND OF SEK 0.55 PER SHARE VS YR-AGO 0 SEK.SAYS DUE TO FORTHCOMING TECHNOLOGY SHIFT, WE, LIKE MANY OF OUR CUSTOMERS, WILL BE PRIORITISING INVESTMENTS IN RESEARCH AND DEVELOPMENT OVER NEXT FEW YEARS.SAYS WE ARE RECEIVING POSITIVE SIGNALS FROM A NUMBER OF MARKETS.SAYS IN CHINA, WE ARE EXPECTING STRONG GROWTH DUE TO CHANGE IN LAW REGARDING BRAKE ADJUSTERS, BUT THIS GROWTH WILL BE AT LOWER MARGINS THAN WHAT WE ARE SEEING IN WESTERN WORLD.SAYS IN EUROPE, WE HAVE A STRONG POSITION ON A STABLE MARKET.SAYS THIS MEANS THAT, AS A WHOLE, WE BELIEVE THAT NET SALES FOR 2018 WILL INCREASE COMPARED TO 2017.SAYS HIGHER SALES ENABLE HIGHER OPERATING INCOME.SAYS HIGHER SALES WILL BE OFF-SET AGAINST GREATER INVESTMENT IN DEVELOPMENT PROJECTS AND COSTS FOR EXPANSION IN NORTH AMERICA AND CHINA.SAYS OPERATING MARGIN FOR 2018 IS EXPECTED TO BE SLIGHTLY LOWER OR IN LINE WITH OPERATING MARGIN EXCLUDING ONE-OFF ITEMS IN 2017.  Full Article

Haldex Q3 core profit drops as takeover costs linger
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Haldex AB :Q3 ‍net sales, SEK 1,081​ mln (1,076).Haldex AB Q3 ‍operating income, excluding one-off items, SEK 68 mln (80)​.Says ‍after currency adjustments, net sales increased by 3%​.Says ‍assessment of 2017 is that it will be a year during which production volumes could exceed last year's levels​.Says ‍but with unexpected and rapid change in demand we are still in a situation where we cannot fully benefit from situation​.Says ‍our earnings forecast for 2017 has not changed​.Says ‍our ambition is to continue to ensure good profitability, but due to higher costs from takeover process, operating margin for 2017 is forecast to be slightly lower than in 2016.​.Says ‍convinced that, as we approach 2018, Haldex will be able to benefit from improved market conditions and current strategic partnerships will result in an even stronger position in market​.Says ‍upswing in demand during Q3, while positive, also resulted in higher costs​.Says ‍for example, we added more shifts in some factories and deliveries had to be rescheduled at a higher cost​.Says ‍quarter continued to be burdened by takeover process, which has diverted focus and resources​.  Full Article

Haldex appoints Ake Bengtsson as CEO
Wednesday, 27 Sep 2017 

Sept 27 (Reuters) - Haldex Ab :The Board of Directors has as of today appointed Åke Bengtsson to the role of permanent President and CEO.Åke Bengtsson has been acting President and CEO for Haldex since Bo Annvik left his position in March 2017.  Full Article

Knorr Bremse ‍withdraws offer for Haldex
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - KNORR BREMSE AG [RIC:RIC:STELLG.UL]::‍WITHDRAWS ITS OFFER FOR HALDEX AND TERMINATES MERGER CLEARANCE PROCESS​.SHARES THAT HAVE BEEN TENDERED IN OFFER WILL HENCE NOT BE ACQUIRED BY KNORR-BREMSE.  Full Article

Knorr-Bremse to assess whether Haldex takeover process can continue
Thursday, 7 Sep 2017 

Sept 7 (Reuters) - Knorr-Bremse :Says to assess whether possible to continue merger clearance process for Haldex AB <<>> takeover.  Full Article

Svahn appointed CEO at brake systems maker Haldex

STOCKHOLM, June 3 Swedish brake systems firm Haldex said on Monday it had appointed Helene Svahn as its chief executive replacing Ake Bengtsson with immediate effect.